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two host: we are talking about businesses and the fiscal cliff. we have a fourth line set aside for business owners. we want to hear from you as well. dave is a republican in cincinnati, ohio. welcome to the conversation. caller: hi. guest: hi. caller: is this jim doyle? guest: yes it is. caller: it is a little different than watching it on television. guest: i'm staring at the camera and pretended it is you. caller: all three of the segments this morning had to do with the fiscal cliff, so i feel i hit the trifecta. my question has to do with each segment. if i could ask the first segment if you could pose this question to the other two guests at in the other two segments. my question is a lot of people, whether they are on tv or politically or in the newspaper, they have forgotten about 21 new taxes coming up january 1 for relating to obamacare -- i'm sorry, the health care system. this affects all americans, not just high earners or poor people. and my question is, how does this affect the 12 taxes put are going to be on all americans and nine
two host: we are talking about businesses and the fiscal cliff. we have a fourth line set aside for business owners. we want to hear from you as well. dave is a republican in cincinnati, ohio. welcome to the conversation. caller: hi. guest: hi. caller: is this jim doyle? guest: yes it is. caller: it is a little different than watching it on television. guest: i'm staring at the camera and pretended it is you. caller: all three of the segments this morning had to do with the fiscal cliff, so i...
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Dec 11, 2012
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up next, my observation on what it will take to make real progress on these fiscal cliff talks. we're back in a moment. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. it's a new day. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in
up next, my observation on what it will take to make real progress on these fiscal cliff talks. we're back in a moment. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with...
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Dec 11, 2012
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cliff talks, don't talk about the fiscal cliff talk. both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open to spending cuts but held firm to raising taxes on the wealthiest americans. >> what you need is a package that keeps tacks where they are for middle-class families, we make some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a splietly higher tax rate and that's a sprins pl i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all of our tax breaks and then we're asking students to pay higher student loans. >> ah, but republican sena
cliff talks, don't talk about the fiscal cliff talk. both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open...
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Dec 11, 2012
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host: what are the members concerns with the fiscal cliff stocks? -- talks? guest: for most small-business owners and senior executives at big companies, the fear is that going over the cliff, even on a technical term, will increase their borrowing costs and will put our economic recovery at risk. most business leaders point to simpson-bowles. they understand that we have to raise revenue and we also have to control spending. they generally like the outlines of the simpson-bowles deal, the principles behind it. spread the cost, protect the most vulnerable, don't disrupt the economic recovery, try to simplify the tax code. they generally support those principles. host: do they believe a recession could happen if we fall off the so called "fiscal cliff?" guest: they do. what we saw last year is business leaders were concerned that washington was not going to come together with a deal. and that it could end badly, but it was a more muted concern. they just trusted washington would get it done. given how quickly things happened last time, they are taking a much m
host: what are the members concerns with the fiscal cliff stocks? -- talks? guest: for most small-business owners and senior executives at big companies, the fear is that going over the cliff, even on a technical term, will increase their borrowing costs and will put our economic recovery at risk. most business leaders point to simpson-bowles. they understand that we have to raise revenue and we also have to control spending. they generally like the outlines of the simpson-bowles deal, the...
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Dec 11, 2012
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john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the hour. stocks every 15 minutes and nicole petallides on the floor of the stock exchange with a nice triple digit gain. nicole: what a gain on wall street. we have three straight weeks of gains to new recent highs. looking at 13,300 on the dow jones industrial, that is good and the s&p 500 calm, holding above the 1400 mark. they were worried when we were breaking down below and we are continuing the trend to the upside. one of the reasons is europe, europe has been a break out and the dollar has been
john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to...
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about the fiscal cliff which by the way that person might not even know what it is but when we're talking about matters of the economy this is how it affects me as an individual this is how it affects me as an employee instead we're getting these large businesses coming forward saying look we believe in bowles simpson we have a large consensus here that's really just a false consensus it's a consensus based on people in the beltway in the business owners who are fueling a lot of these political campaigns syria saying these big these big players that have special access to the white house they're able to kind of advocate and push forward their own agendas or whatever it is that. it's that might not always benefit the average joe yet that's exactly what i'm saying i think that what's in the best interests of the business owners might not be in the best interests of some of their employees and we've seen that wal-mart workers in particular have a lot of them felt that way too and that's why some of them have been striking and walking out so that's not to say that every time business owners d
about the fiscal cliff which by the way that person might not even know what it is but when we're talking about matters of the economy this is how it affects me as an individual this is how it affects me as an employee instead we're getting these large businesses coming forward saying look we believe in bowles simpson we have a large consensus here that's really just a false consensus it's a consensus based on people in the beltway in the business owners who are fueling a lot of these political...
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Dec 11, 2012
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but so sad. >> terrible. >>> let's talk about the fiscal cliff. we know they are talking, but we don't know what the president and house speaker john boehner are saying, they have been keeping fiscal cliff negotiations very quiet. the president doesn't have any public appearances scheduled today. people are reading the tea leaves, saying it's more serious than before. let's get to jeff sessions from alabama. ranking member of the budget committee. >> soledad, nice to be with you. >> appreciate that. is that a fair read, the quieter it gets means more is getting done. when they are saying nothing, it means we're close to a deal? >> you know, when we are reading tea levels a tea leaves and that's all we have, that's how bad it is. it looks like the president and the speaker of the house will decide this on christmas or new year's eve and plopped down in congress and we'll be told to vote for it or have a national crisis. this should have been done in public, been talking about this for months, it should have been openly done. american people observi
but so sad. >> terrible. >>> let's talk about the fiscal cliff. we know they are talking, but we don't know what the president and house speaker john boehner are saying, they have been keeping fiscal cliff negotiations very quiet. the president doesn't have any public appearances scheduled today. people are reading the tea leaves, saying it's more serious than before. let's get to jeff sessions from alabama. ranking member of the budget committee. >> soledad, nice to be...
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host: so for these members, what are their key concerns with the fiscal cliff talks? guest: so for most small business owners and senior executives at big, big companies, the fear is that going over the cliff, even on a technical term is going to cause more uncertainty, increase their borrowing cost, and it's going to put our economic recovery at risk. and most point to simpson bowles and understand that we have to raise revenue and we also have to control spending, they generally like the outlines of simpson bowles deal they like the principles behind it, those are pretty clear, pred spread the cost, protect the most vulnerable, don't disrupt the economic recovery, try to simplify the tax code while you're at it. they generally support those principles. >> do you think a recession could happen if we go off this fiscal cliff? guest: they do. i think there's a qualitative difference this year and last. we saw business leaders were concerned that washington wasn't going to come together with a deal and it could end badly. but it was a more muted concern. i think they tr
host: so for these members, what are their key concerns with the fiscal cliff talks? guest: so for most small business owners and senior executives at big, big companies, the fear is that going over the cliff, even on a technical term is going to cause more uncertainty, increase their borrowing cost, and it's going to put our economic recovery at risk. and most point to simpson bowles and understand that we have to raise revenue and we also have to control spending, they generally like the...
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everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particu
everyone is watching washington for any news from these private fiscal cliff talks. and brace yourselves, the federal reserve begins its two-day meetings on interest rates today. >> christine romans is here talking about the fascinating report of what the world will look like in 2030. >>> every four years this report is put together, the global trends report. this is to give to incoming administration to show them what the world will look like, what intelligence agencies think...
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possible progress in fiscal cliff talks feds kicking off two day meeting. economists expect that will result in additional economic stimulus. here is how the market is doing, dow 60 points higher. bloomberg index up by more than 1%. have you heard of the apple tax? average american household spent $444 on apple products last year. the number is up sharply from $295 in 2010. $150 in 2007. analysts says if apple tv comes to u.s. homes next year spending will double to $888 by 2015. live at the new york stock exchange, i'm jane king. >> with an annual income of about $50,000 that's almost 1% people are spending on apple products. all going to cupertino. >> next year could be double that with the tv mind-boggling. >>> you may want to be watching tv in the days ahead. this morning you can get out. >> like we do every night we watch abc family. >> may want to watch tv because we all have bills to pay. >> keep watching us. >> exactly. don't take food off our family's -- kidding that. roof of mine that you are helping puttover my head does leak. guilt trip-tv right
possible progress in fiscal cliff talks feds kicking off two day meeting. economists expect that will result in additional economic stimulus. here is how the market is doing, dow 60 points higher. bloomberg index up by more than 1%. have you heard of the apple tax? average american household spent $444 on apple products last year. the number is up sharply from $295 in 2010. $150 in 2007. analysts says if apple tv comes to u.s. homes next year spending will double to $888 by 2015. live at the...
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we are monitoring fiscal cliff talks. it's been radio silence from democrats and republicans in washington. they're sticking to preagreed upon talking points explaining that lines of communication are open. we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care of as many people as we can. >> meanwhile, you're right. the president was in detroit where he continued his outside-inside game of running a campaign-style effort to jin up popular support for the fiscal cliff. because he was in michigan he took a whack at the proposed legislation -- the so-called right to work legislation. listen to the president. >> these so-called right
we are monitoring fiscal cliff talks. it's been radio silence from democrats and republicans in washington. they're sticking to preagreed upon talking points explaining that lines of communication are open. we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going...
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one thing has been agreed upon in the fiscal cliff talks, not to discuss the details. many look at this bipartisan silence and see an encouraging sign but white house and congressional sources tell me that while the atmosphere around these talks is positive between the president and speaker john boehner, when it gets to the underlying details, progress is maddeningly slow. president obama telephoned senate majority leader harry reid monday while rob nabors huddled for a second day in a row aide to speaker john boehner. no discernible progress toward breaking the fiscal cliff stalemate. mr. obama left that drama behind and told supporters in suburban detroit the fiscal cliff is serious business. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. >> reporter: boehner and house republicans want to preserve all the bush era tax rates due to expire at year's end, shielding everyone from a tax increase. mr. obama wants to raise them for households earning more than $250,000 a year. he ha
one thing has been agreed upon in the fiscal cliff talks, not to discuss the details. many look at this bipartisan silence and see an encouraging sign but white house and congressional sources tell me that while the atmosphere around these talks is positive between the president and speaker john boehner, when it gets to the underlying details, progress is maddeningly slow. president obama telephoned senate majority leader harry reid monday while rob nabors huddled for a second day in a row aide...
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. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situations. i want to get your latest on that and the latest on the deadly prank apology. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. it's me? alright emma, i know it's not your favorite but it's time for your medicine, okay? you ready? one, two, three. [ both ] ♪ emma, emma bo-bemma ♪ banana-fana-fo-femma ♪ fee-fi-fo-femma ♪ em-ma very good sweety, how do you feel? good. yeah? you did a really good job, okay? [ female announcer ] to nurses everywhere, thank you, from johnson & johnson. woman: what do you mean, homeowners in
. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situations. i want to get your latest on that and the latest on the deadly prank apology. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just...
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. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situations. i want to get your latest on that and the latest on the deadly prank apology. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> if we had any idea that something like this could have been even possible to happen, you know, we couldn't see this happening. it was meant to be a prank call. >> it's nothing more than a tragic turn of events that no one could have predicted. and you know, for the part we played in it, we're obviously -- we're incredibly sorry. >>
. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situations. i want to get your latest on that and the latest on the deadly prank apology. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will...
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senator kent conrad is here to update us on the fiscal cliff talks. syrian rebels are gaining what would be assad regime do? we'll hear from richard edgel on the border and david ignacious here, and an award winning documentary on the war on drugs, a war with unintended consequences. that next on andrea mitchell reports. could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor sh
senator kent conrad is here to update us on the fiscal cliff talks. syrian rebels are gaining what would be assad regime do? we'll hear from richard edgel on the border and david ignacious here, and an award winning documentary on the war on drugs, a war with unintended consequences. that next on andrea mitchell reports. could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. a body at rest tends to...
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cliff talks. raising the medicare eligibility age from 65 to 67. why would democrats offer it? are they really going to do it? to get a tax deal done they would do that? the idea was first brought up during the grand bargain talks of 2011. the white house seemed open to the concept at the time. >> it's been reported the president is willing to look at things like raising the retirement age and medicare, additional savings in medicare. >> now a democratic aide tells the new republic the president put it on the table once before. i wouldn't be surprised if he did it once again. for progressives it's a bad idea, because medicare is a program that works. and raising the retirement age isn't going to solve the problem at all. in fact, raising the eligibility age would shift costs elsewhere. but republicans seem ready for a fight with the president. >> he is afraid of going into a progressive meeting and say if we don't adjust the age for retirement, it means to benefits for social security and medicare
cliff talks. raising the medicare eligibility age from 65 to 67. why would democrats offer it? are they really going to do it? to get a tax deal done they would do that? the idea was first brought up during the grand bargain talks of 2011. the white house seemed open to the concept at the time. >> it's been reported the president is willing to look at things like raising the retirement age and medicare, additional savings in medicare. >> now a democratic aide tells the new republic...
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. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situati situations. i want to get your latest on that and the latest on the deadlyppaologapology. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ together for your future. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. so, the 5.3-liter v8 s
. >> let's take a break and talk about the fiscal cliff. talking about ridiculous situati situations. i want to get your latest on that and the latest on the deadlyppaologapology. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the...
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cliff talks. meanwhile, nbc's first read team says any deal reached should be a fragile one or could be. "news nation" is coming up in three. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99.
cliff talks. meanwhile, nbc's first read team says any deal reached should be a fragile one or could be. "news nation" is coming up in three. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real...
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late day comments from harry reid about the lack of progress on the fiscal cliff talks really put the brakes on today's rally. at the close we saw the dow gaining 78 points. the s&p adding 9 points. the nasdaq up 35. that's it from cnbc, first in business worldwide. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with r
late day comments from harry reid about the lack of progress on the fiscal cliff talks really put the brakes on today's rally. at the close we saw the dow gaining 78 points. the s&p adding 9 points. the nasdaq up 35. that's it from cnbc, first in business worldwide. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before...
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ashley: tough new talk on the fiscal cliff. americans are scratching their heads wondering when president obama will get serious. tracy: the president's reelection leaving small businesses weigh more pessimistic about the future. bill dunkelberg is here. we will ask him what, if anything, to boost confidence among america's job creators. ashley: time for stocks now as a do every 15 minutes. let's head down to the call petallides. nicole: this is a pretty good day on wall street. this is looking like the fourth week where we are seeing gains. we did hear from house speaker john boehner. he smoothed it over and gave the sense that they are working hard in washington in order to solve the fiscal cliff. also, the dollar is lower. that is playing a part. most of the dow components have been in the green. trip advisor. we are watching trip advisor. it has been rallying. what they are trying to do is get in there. it would be more about changing some management. liberty acquired the share. this is part of the action here we are seeing
ashley: tough new talk on the fiscal cliff. americans are scratching their heads wondering when president obama will get serious. tracy: the president's reelection leaving small businesses weigh more pessimistic about the future. bill dunkelberg is here. we will ask him what, if anything, to boost confidence among america's job creators. ashley: time for stocks now as a do every 15 minutes. let's head down to the call petallides. nicole: this is a pretty good day on wall street. this is looking...
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he was supposed to be making a talk on fiscal cliff, but he decided to bring up michigan. do you think that he somehow intentionally or not emboldened the protesters there? >> of course he did. i mean, imagine this. this guy is bought and paid for, literally hundreds of millions of dollars of union contributions helped put president obama back in for a second term. the fact that he's backing the thuggish behavior of unions in michigan, i mean, he backed the thuggish behavior of unions in wisconsin, and it should be -- well, if you're a union member, you ought to be ashamed of the behavior of your union brothers. there's a democratic process, the people of michigan have elected representatives and an elected governor. they've made a choice to change the law and take away this crazy monopoly that lets unions force people to be members. i once had to be a member of a union. i hated it because they made me do things i didn't want to do. it's an inherently corrupt kind of organization to say you have to belong to a union to have a job. and the fact that the president gets into
he was supposed to be making a talk on fiscal cliff, but he decided to bring up michigan. do you think that he somehow intentionally or not emboldened the protesters there? >> of course he did. i mean, imagine this. this guy is bought and paid for, literally hundreds of millions of dollars of union contributions helped put president obama back in for a second term. the fact that he's backing the thuggish behavior of unions in michigan, i mean, he backed the thuggish behavior of unions in...
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a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details. >> tom: that and more tonight on nbr! >> susie: president obama was in michigan today, campaigning on his plan to avert the fiscal cliff. speaking to union workers at the daimler detroit diesel engine plant, the president said he is willing to compromise "a little bit" with republicans on getting a plan for economic growth, job creation, and reducing the deficit. but he said he would not compromise on raising tax rates for high-income earners. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly,
a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details. >> tom: that and more tonight on nbr! >> susie: president obama was in michigan today,...
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he is in masked -- enmeshed about the talks about the fiscal cliff. with that, gene sperling. [applause] >> thank you very much, neera. it is intimidating to have followed your panel. i like to be the first person and the panel says, "gene sperling says --" the president of harvard and glenn hutchins and susan molinari, who is down at google and partners with my life on issues of child trafficking. a special place in our home. i know a lot has already been said. i have been herded so i don't know if i'll be repeating it. i like to start by just reminding ourselves what is our end goal for economic policy because you hear a lot metrics on productivity and growth as it those were the ends in themselves. are we a nation in which the accident of your birth is not overly to determine the outcome of your life where there is a real chance for everybody to rise? are we an economy where growth strengthens? are we an economy and a country where people who work hard and take responsibility for their lives can work with dignity, raised her children with dignity, and retire with dignity? t
he is in masked -- enmeshed about the talks about the fiscal cliff. with that, gene sperling. [applause] >> thank you very much, neera. it is intimidating to have followed your panel. i like to be the first person and the panel says, "gene sperling says --" the president of harvard and glenn hutchins and susan molinari, who is down at google and partners with my life on issues of child trafficking. a special place in our home. i know a lot has already been said. i have been...
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speaker, today i rise because the fiscal cliff is upon us, and one thing that i know is clear in talking to my constituents, time and time guenther' looking for solutions to the problems that we face. -- again, they're looking for solutions to the problems that we face. the solutions will come from us working together, forging a bipartisan solution to the problems that we face and i hope we can go bigger than what is simply asked of us. mr. speaker, one of the great pleasures of being here is to be able to work with good friends. and i want to thank my good friend, steve latourette, and jim cooper as well, for putting together the cooper-latourette bill that is based on simples-bowles, helps raise revenues and -- simpson-bowles, helps raise revenues. today i'm asking my colleagues to join me in putting a bipartisan solution on the table. i want to thank my good friend, steve latourette, and jim cooper. with that i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentlelady from texas rise? ms. jackson lee: to address the ho
speaker, today i rise because the fiscal cliff is upon us, and one thing that i know is clear in talking to my constituents, time and time guenther' looking for solutions to the problems that we face. -- again, they're looking for solutions to the problems that we face. the solutions will come from us working together, forging a bipartisan solution to the problems that we face and i hope we can go bigger than what is simply asked of us. mr. speaker, one of the great pleasures of being here is...
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cliff debate. >> don't talk about them as if they are entitlements and give aways. these are programs people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. danielle nottingham, cbs news washington. >>> the former head of the international monetary fund and the maid who accuse him -- accused him of sexual assault has settled her lawsuit. it stems from a 2011 encounter. he denied he attack the woman but resigned. terms of the settlement are confidential. she still faces prostitution related charges in france. >>> tonight, the music world is mourning the death of a superstar. the body of grammy nominated singer jenni rivera was found in the wreckage of a crash near mix co. rivera and six others died -- mexico. the 43-year-old was headed back to central mexico with her interage. cbs 5 reporter len ramirez has more. >> you could hear the music blaring out as people played the music t
cliff debate. >> don't talk about them as if they are entitlements and give aways. these are programs people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. danielle nottingham, cbs news washington. >>> the former head of the international monetary fund and the maid who accuse him --...
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while we're here talking to her about the fiscal cliff, she gets an e-mail. >> yeah! my interview. great. okay. that's good news. >> reporter: a third interview for a sales job. if washington can't do it, maybe this job will pull her back from the cliff. >> oh my god. i can't believe how excited i am right now. >> more than 500 years but the lady behind da vinci's smile is behind speculation. italian archaeologists might have found the missing link to the mystery of mona lisa. they've excavated remains which they think belong to the woman who modeled for the famous painting. ben wedeman reports from the excavation site. >> reporter: the smile has per perplexed for centuries. the mona lisa. in the frigid bowels of what was once a convent in florence, the television producer turned art researcher is leading a project to find and identify remains of the woman who posed for da vin economy more than 500 years ago. historical documents indicate this is the place where he's 15 de gherardini was buried. remains of five females were found here. the skull may be that of the second wife of a
while we're here talking to her about the fiscal cliff, she gets an e-mail. >> yeah! my interview. great. okay. that's good news. >> reporter: a third interview for a sales job. if washington can't do it, maybe this job will pull her back from the cliff. >> oh my god. i can't believe how excited i am right now. >> more than 500 years but the lady behind da vinci's smile is behind speculation. italian archaeologists might have found the missing link to the mystery of mona...
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. >> advocates for seniors want social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they are give aways. these are programs that people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. in washington, danielle nottingham, cbs 5. >>> cell phones on the streets. the plan the give california's homeless their own phone and the reason supporters claim the program will help create jobs. >>> plus. >> we're so sorry this has happened. >> . >>> it was a radio prank with a tragic end. the radio djs apologize. >>> it is a different kind of plan, one for your bank account. the step to take for a financial diet and how much money you could actual slave. ,,,,,, cell phones for low income californians. >>> we have food stamps and housing assistance and soon free cell phones for low income people. >> the new program, who qualifies and why some see it as a way up. grace. >> rep
. >> advocates for seniors want social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they are give aways. these are programs that people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. in washington, danielle nottingham, cbs 5. >>> cell phones...
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because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline. it's going tt surge from $16.3 trillion to $17.5 trillion at 2013, then we get out here to about 2014, it's going to be, well, it's going to be about 19.4. 20.3 trillion, 20.3 trillion if we do nothing in 2016: and by 2022, out here, it's going to be $25.8 trillion. that's if we do nothing about this spending, this runaway spending, this irresponsible government. now let's take a look at what happens if president obama gets tough, and he gets it done. the president calling for $1.6 trillion in higher taxes. he wants $82 billion a year from that top 2%. by the way, that's the same
because this is a big deal, and we're talking about a fiscal cliff and great drama. if we stay on the same spending path, i thought i'd show you what happens if we change it to the boehner plan, the obama plan. let's start out with the do-nothing plan, because that's the plan we've got right now. the congressional budget office estimates our fiscal year 2013 deficit will be, well, $104 trillion for fiscal 2013, okay? and here's what happens to our national debt as a result of this baseline....
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while we're talking to her about the fiscal cliff she gets an e-mail. >> yeah! my first review. okay, great. whoa, okay, that was good news. >> reporter: a third interview for a sales job. if washington can't do t maybe this job will pull her back from the cliff. >> oh, my god, i'm excited right now. >> reporter: kyung lah, cnn, los angel angeles. >>> a record find for one of the world's largest banks, what it's accused of doing with drug cartels and terror groups, coming up. you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could al
while we're talking to her about the fiscal cliff she gets an e-mail. >> yeah! my first review. okay, great. whoa, okay, that was good news. >> reporter: a third interview for a sales job. if washington can't do t maybe this job will pull her back from the cliff. >> oh, my god, i'm excited right now. >> reporter: kyung lah, cnn, los angel angeles. >>> a record find for one of the world's largest banks, what it's accused of doing with drug cartels and terror...
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his offer to the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the stalemate seems to be centered. president obama insists taxes on the wealthy must go up. >> but when they start making a million or 10 million or 20 million, you can afford to pay a little more. >> reporter: several republicans indicated that's a concession they're willing to make. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> reporter: if nothing is done by january 1, income taxes will go up on almost all americans. >> there are no meetings scheduled this week between the president and house speaker john boehner. rob and paula, back to you. >>> the navy s.e.a.l. who died in that mission to rescue a kidnapped american doctor has been identified. nicholas checque was just 28 years old, but for the much of the last decade he had been part of navy s.e.a.l.
his offer to the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the stalemate seems to be centered. president obama insists taxes on the wealthy must go up. >> but when they start making a million or 10 million or 20 million, you can afford to pay a little more. >>...
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lots to talk about. we'll start with the fiscal cliff and stock market. stoc stoc stocks paring their gains just a bit. amid reports in washington talks on the fiscal cliff have taken a positive turn. steve weis, market seems to be anticipating a deal. >> all we've done is ratchet up the now if there is no deal or it's an ugly looking deal we've got much more risk in the market. because the market is assuming that a deal will happen. it's assuming we won't go off the cliff. if you take what boehner just said, to me it's actually good news that the market didn't really respond. because it's negotiation as usual. boehner was really only talking about the cost cuts that he's looking for from obama. obama's just trying to negotiate. so i don't even know why he spoke today. maybe to throw some cold water on the notion or maybe throw hope. we don't know. the point is ignore the headlines. let's just -- just invest for longer term. >> josh, what do you make of the 100-point move we're seeing in the dow today? it is the fifth straight session that the dow has bee
lots to talk about. we'll start with the fiscal cliff and stock market. stoc stoc stocks paring their gains just a bit. amid reports in washington talks on the fiscal cliff have taken a positive turn. steve weis, market seems to be anticipating a deal. >> all we've done is ratchet up the now if there is no deal or it's an ugly looking deal we've got much more risk in the market. because the market is assuming that a deal will happen. it's assuming we won't go off the cliff. if you take...
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ceos and what should be done about the fiscal cliff talk. what surprised us off the record behind the scenes, democrats and republicans agree they should be doing a lot more than they're talking about as part of the current negotiations. they said if you did more on tax reform and particularly on the corporate side and more on social security as far as limiting the growth of that program, more on medicare, if you did something to exploit this oil and gas boom that we're seeing in north dakota, texas and across the country, if you did more to get high skilled immigrants into town, you could not only have an economic recovery but an economic boom. there's a lot of agreement off the record on this, but that politicians on both sides are scared to go out there and be the first to say, hey, let's do these big things that could have an appreciable effect on the economy. >> steve, do you agree with that assessment? what are the big things that need to be done? >> i totally agree. the thing that's depressing about the fiscal cliff plan, we will chan
ceos and what should be done about the fiscal cliff talk. what surprised us off the record behind the scenes, democrats and republicans agree they should be doing a lot more than they're talking about as part of the current negotiations. they said if you did more on tax reform and particularly on the corporate side and more on social security as far as limiting the growth of that program, more on medicare, if you did something to exploit this oil and gas boom that we're seeing in north dakota,...
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. >> reporter: advocates for seniors wants social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they're entitlement reforms and giveaways. these are programs that people have paid for over their entire working lives and have earned these programs. >> reporter: if lawmakers and the president don't find a compromise, taxes for all american will go up, and across-the-board spending cuts will kick in on january 1. danielle nottingham, cbs news, washington. >>> secretary of state hillary clinton canceled a trip to north africa in the middle east because of a stomach virus. the focus of the trip is the crisis in syria. and the obama administration has granted one group affiliated with the rebels a terrorist organization that has alleged ties to al qaeda. any assets in the u.s. are frozen, and americans are barred from doing business with it. >>> the body of the navy s.e.a.l. killed during a mission to rescue an american doctor from the taliban is on its way home. the family of dr. dilip joseph released a statement praising the s.e.a.l.'s hero im. he was
. >> reporter: advocates for seniors wants social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they're entitlement reforms and giveaways. these are programs that people have paid for over their entire working lives and have earned these programs. >> reporter: if lawmakers and the president don't find a compromise, taxes for all american will go up, and across-the-board spending cuts will kick in on january 1. danielle nottingham, cbs...
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. >>> the fiscal cliff talks have been happening. they are getting grief from some members of their own parties. does the public have a right to know what is going on behind closed doors? our strategy session is next. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. for a professional cleansing device? join the counter revolution and switch to olay pro-x. get cleansing results as effective as a $200 system. guaranteed or your money back. olay pro-x. out for drinks, eats. i have very well fitting dentu
. >>> the fiscal cliff talks have been happening. they are getting grief from some members of their own parties. does the public have a right to know what is going on behind closed doors? our strategy session is next. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the...
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two host: we are talking about businesses and the fiscal cliff. we have a fourth line set aside for business owners. we want to hear from you as well. dave is a republican in cincinnati, ohio. welcome to the conversation. caller: hi. guest: hi. caller: is this jim doyle? guest: yes it is. caller: it is a little different than watching it on television. guest: i'm staring at the camera and pretended it is you. caller: all three of the segments this morning had to do with the fiscal cliff, so i feel i hit the trifecta. my question has to do with each segment. if i could ask the first segment if you could pose this question to the other two guests at in the other two segments. my question is a lot of people, whether they are on tv or politically or in the newspaper, they have forgotten about 21 new taxes coming up january 1 for relating to obamacare -- i'm sorry, the health care system. this affects all americans, not just high earners or poor people. and my question is, how does this affect the 12 taxes put are going to be on all americans and nine
two host: we are talking about businesses and the fiscal cliff. we have a fourth line set aside for business owners. we want to hear from you as well. dave is a republican in cincinnati, ohio. welcome to the conversation. caller: hi. guest: hi. caller: is this jim doyle? guest: yes it is. caller: it is a little different than watching it on television. guest: i'm staring at the camera and pretended it is you. caller: all three of the segments this morning had to do with the fiscal cliff, so i...
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a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details. >>
a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details. >>
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[applause] >> domestic spending cuts on the table for fiscal cliff talks. two different perspectives for you. james capretta, senior fellow bookings institution, codirector on senior families and james capretta come for ethics and public policy center and visiting scholar at aei. let me begin with you. are these potential cuts under sequestration devastating are manageable? >> somewhere in between. they are not a good idea. they would be very deep cuts. in a percent cut across the board is a very significant one-time cut for any program to sustain in an immediate year. here they are not a good idea. to be the end of the world? no. >> host: what you mean by that? >> guest: downsizing in terms of the domestic accounts. so fewer services provided. reduced federal employees, grant programs would take a haircut of 5%, 10%. david downsizing of services by the federal government. but the economy would go on and the government would go on in the public would still continue to get by in large served. >> host: can agencies manage this? castaways managed in the past.
[applause] >> domestic spending cuts on the table for fiscal cliff talks. two different perspectives for you. james capretta, senior fellow bookings institution, codirector on senior families and james capretta come for ethics and public policy center and visiting scholar at aei. let me begin with you. are these potential cuts under sequestration devastating are manageable? >> somewhere in between. they are not a good idea. they would be very deep cuts. in a percent cut across the...
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no peter lynch in stocks anymore. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax basis will do tax gains harvesting, realize their gains, pay 15% and move that money finally into cheaper, more tax efficient and better profits etf has to offer. >> trader talk column, trader talk cnbc.com in a few moments. that's what's hot, etfs. back to you. >> we look forward to that very much. thanks, guys. gold market selling off a little bit. at the close, sharon epperson tracking the action at the nymex. moving into stocks and out of the metals. >> they are. we're seeing a little bit of weakness in the gold futures price. gold etfs held up steadily over the last seve
no peter lynch in stocks anymore. >> what about the fiscal cliff? we just talked about it with john boehner. does that help or hurt? >> home run for exchange trade for two reasons. whatever happens on the fiscal cliff, whatever they get their act together to do, two things will happen. tax rates will go up on capital gains and dividend. etfs or more tax efficient, more people will follow into that place. i also think some people trapped in mutual funds because they have low tax...
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. >>> straight ahead, i've been gone for five days and we're talking fiscal cliff? word is there are new signs of progress. we'll talk it over with joan walsh next as "the cycle" rolls on for tuesday, december 11th, 2012. ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with symptoms of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help.
. >>> straight ahead, i've been gone for five days and we're talking fiscal cliff? word is there are new signs of progress. we'll talk it over with joan walsh next as "the cycle" rolls on for tuesday, december 11th, 2012. ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. and also to build my...
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a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details.
a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details.
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jim, a reasonable proposal for the fiscal cliff? modest proposal. i've read things like that before. >> i'm talking about the -- look, did i mention once the tax increase? >> no. >> i'm going for quick spending cuts. because we just -- we agreed to give the rich people that deal two years ago, we added a trillion and then another trillion. i don't know why a republican ever agreed to that. i'm trying to figure out -- >> it wasn't -- >> who the heck -- >> wasn't because of the 2%. >> because it kept -- >> it kept the deal from happening. >> by given the -- added 2 trillion to the deficit. i hated that. try to find out how to cut that deficit now. not the future. >> we've got a lot more 20 come this morning. >> thanks, guys. crazy conversation. we'll see where it goes. comments, questions about anything you see on "squawk," tweet us @squawkcnbc. coming up, holiday central. the ceo of phillips v-van heuse. >> who? phillips-van heusen joining us on the set. he's dressed head to toe in calvin klein and he's here with one of his company's largest sharehol
jim, a reasonable proposal for the fiscal cliff? modest proposal. i've read things like that before. >> i'm talking about the -- look, did i mention once the tax increase? >> no. >> i'm going for quick spending cuts. because we just -- we agreed to give the rich people that deal two years ago, we added a trillion and then another trillion. i don't know why a republican ever agreed to that. i'm trying to figure out -- >> it wasn't -- >> who the heck -- >>...
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stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing] [heartbeat, music playi loude ♪ i'm feeling better since you knome ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: thisong was created with heartbeats of children ineed. find out how it can help frontline e health workers bring hope to millions of children at everybeatmatters.org. lou: new rorts show foreign investment is heingthe housg market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss thatnd much more when it comesto housing. in the money lineonight, investors waiting cautiously to s
stay with us. >>> the fiscal cliff fiasco. the obama plan, the boehner plan, will either alter america's rising rate of spending or lessen the size our bloatedgornment? the answer in tonight's chalk talk. >>is the housing market really recovering? $17 trillion is riding on the answer. the president and ceo o citi mortgage joins us next. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beaeating] [heartbeat continues] [faint singing]...
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progress is reportedly being made in talk toes avoid the u.s. fiscal cliff. another top republican lawmakers offers an olive branch to the white house. >>> and sylvia berlusconi accuses the current premier as being german-centric. >>> and the dfw returns to a new year high. >> you're watching "worldwide exchange." bringing us business news from around the globe. >>> 13220 is the level of the dow. the nasdaq is trying to add five of six points. we're seeing a bit of a rebound shaping up here in the red. the ftse global 300 is up about .2%. for the most part, it's all green across europe. the ftse 1100 adding .2%. the xetra dax and cac 40 in germany, paris, better than .5%. up 1% after falling double that yesterday. we're seeing gains in italy and portugal, ross, as invest everies have now perhaps priced in the latest turmoil in italy. >> absolutely. meanwhile, unemployment may have ticked down 7..7%. 10.9% for those aged 18 to 29 and this one saying they're struggling to fill vacancies because of a lack of suitable skills. this all according to our next guest
progress is reportedly being made in talk toes avoid the u.s. fiscal cliff. another top republican lawmakers offers an olive branch to the white house. >>> and sylvia berlusconi accuses the current premier as being german-centric. >>> and the dfw returns to a new year high. >> you're watching "worldwide exchange." bringing us business news from around the globe. >>> 13220 is the level of the dow. the nasdaq is trying to add five of six points. we're...
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these are your headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there show the argument to raise taxes now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie helton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the financial crisis measure that guarantees one hundred percent of all checking account bank deposits now to see b.o.'s to mates the f.d.a. does not collect enough fees to offset the risk exists as another subsidy for too big to fail banks we have a reali
these are your headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there show the argument to raise taxes now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less...
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we have to love the fiscal cliff. the leaders i talked to today know their actions will take us over a cliff. i understand there is now perception among the media. the no tax increase republican ares regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough garrets to force us over the cliff. given that the garrets are over there. got a question either people don't know about the cliff or they believe that the deal will be done. and they that they have fulfilled the nor quist pledge. where were the republicans when they cut taxes from the chinese two, why didn't republicans press for spending cuts when the president extended the tax cuts? and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons programs that don't fit in the terror
we have to love the fiscal cliff. the leaders i talked to today know their actions will take us over a cliff. i understand there is now perception among the media. the no tax increase republican ares regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough...
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>> people talk about the fiscal cliff as if it is one ing. it is three. there's the obamacare taxes. to pay for obacare were delayed until after he got himself safely elected. so in the next decade there are a trillion dollars of higher taxes. five of those big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending rerain sequester, which obama wants to put off. that would save 1.2 trillion over a decade. he wants to put it off and spend the 1.2 trillion. melissa: all true but you know what? at this point it seems like it is not resonating with the averaae american. go out and loo at polls. quinnipiac said 77% of all republicans think it is a bad idea for lawmakers to promise never to raise taxes. >>o, no, read that poll. melissa: reading it verbatim. >> the question was, ould you not raise taxes on the high income earners, whatever. melissa: to never raise taxes on wealthy under any circumstance? >> okay. the pledge of course is n
>> people talk about the fiscal cliff as if it is one ing. it is three. there's the obamacare taxes. to pay for obacare were delayed until after he got himself safely elected. so in the next decade there are a trillion dollars of higher taxes. five of those big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending rerain sequester, which obama wants to put off....
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Dec 11, 2012
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reaching a real deal on the fiscal cliff. in the last hour we sat down with grover norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus
reaching a real deal on the fiscal cliff. in the last hour we sat down with grover norquist saying no one should strike a bad deal, and that there is no better reason to raise taxes now than there was in the past. he also added he thinks house speaker boehner has been a good leader during the fiscal cliff negotiations. and then we were joined by bob corker and bob conrad. corker said we need to focus